Video Transcription Hi guys, Phil McGilvray here from Grandma’s Jars. Thank you for joining us. Today we are continuing on with our ten part series – our ten tutorial series – Top Ten Tips to Paying Off Debt. Today, we are really getting stuck in the nitty-gritty. This is the sixth session – the sixth tutorial and we are looking at the actual strategy in developing our debt repayment plan. I have called this particular tutorial the smallest debt first. But what I am going to give you is a real overview of the whole debt repayment process. What I have got is an example from a client I was working with just last night so hopefully that will make it a lot easier for you to understand. Understanding Your Debts What we’re going to do as a first point of call is throw it all out there. How much debt do you have? what are your debts? So we have listed them all down here. Now, with this process it’s really important that we know everything, that we’ve got all the debts. Sometimes we are a bit fearful of what we are going to see. We sort of …
How to Create a Debt Elimination Road Map
Hi guys, Phil McGilvray here from Grandma’s Jars. Thank you for joining us. We’re up to tutorial nine in our ten part tutorial series – our Top Ten Tips for Paying Off Debt. Now I am really excited about bringing you today’s tutorial because it’s putting the nuts and bolts together to build a road map to debt elimination and I love doing these because it gives people a vision of what’s possible, what they can achieve.
10 Fun Date Ideas That Won’t Make You Go Broke
Budgeting and going on dates are often a fearful combination of words. Many people think that it’s a “pick one or the other” type of scenario. However, “budgeting” and “dating” can live harmoniously together. And no, it doesn’t have to consist of cleaning up after the kids or getting work done around the house. If you are looking for fun date ideas that will not hurt your budget, why not try some of these creative ideas?
Learn If It’s More Important To Save Money Or Pay Off Debt
I recently had the privilege to run a couple of webinars on ‘the principles of money management’ for a group of young parents. At the end of each of these sessions we had a wonderful period of question and answers that went for longer than the formal presentation itself did. There were a couple of recurring themes in the questions being asked so I thought it would be worthwhile sharing the answers I gave to these questions via a series of blogs.
Top 10 Tips For Paying Off Debt: The Rainy Day Fund
Video Transcription Hi guys, Phil McGilvray here from Grandma’s Jars. Thanks so much for joining us. Today we are looking at tutorial four of our ten part series, our Top Ten Tips for Paying off Debt. In tutorial four today, we are looking at the importance of having a cash reserve in place before we start paying off our debt. Identifying True Savings In yesterday’s session, we looked at the importance of having a budget. And with that budget, the power behind that is that it helps us identify true savings. So once we have been through all of our expenses, we can then sit down and identify how much have we really got spare at the end of the month once all our expenses are covered. Now, the temptation is that once we identify that spare money, that true savings, is to start throwing it at our debt, at our credit card, and so on. And yes we do want to get rid of it – but the problem is, too often we will see people who go through that. They will throw their money, all their extra money, at paying off their debt only to find that …